Aoun: Government started implementing oil investment program on basis of transparency

Lebanese President Michel Aoun confirmed that the Lebanese government “has started implementing a work program for investing oil and gas resource wealth by adopting a strategy based on transparency and legal competition.”

President Aoun’s stance came Monday as he received at Baabda Palace a delegation of Total Company that included Director of Total’s Middle East and Africa Section, Stephan Michel.

Talks focused on the situation of the oil exploration file in Lebanon as well as Total’s activities in Egypt and Cyprus.